bigone that's right; Nice Gold neighborhood - with a lot of gold production and exploration projects -
ex.... SAS provides update on Taylor Project with dewatering and ramp rehabilitation in progress TORONTO, Aug. 8, 2012 /CNW/ -
St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company") is pleased to provide an update on the activities at the Taylor Project located on the western portion of the Company's land package in the Timmins mining district, north-eastern Ontario, Canada.
Dewatering of the existing ramp access commenced in late April and as of the end of June, the portal was open. SAS has awarded the contract to rehabilitate the underground workings for mine exploration and development and the contractor mobilized in late June in preparation for ramp rehabilitation and underground development.
Once rehabilitation is complete and services are re-established to the ramp face, lateral development will commence to access the first ore lens in the West Porphry Zone.
Test mining of this area will begin in the fourth quarter, and a bulk sample will be sent to the company's Holt Mill for processing towards the end of 2012.
"The dewatering process is progressing well," said Jacques Perron, President and CEO of SAS.
"Surface facilities such as the mine dry and administration offices have been upgraded and are fully operational, and underground rehabilitation has commenced.
We are on track to reach the first stope during the third quarter and subsequently extract the first bulk sample at the top of the West Porhyry Zone."
The Company recently completed five surface drill holes totaling 700 metres to test the area surrounding the first bulk sample.
This drilling program has provided additional information which will be used to plan the stoping activities for the bulk sample program later this year.
The results of the infill drilling program indicated the potential to increase the size of the bulk sample and provided additional validation for advancing the underground exploration program at the Taylor Project.
Results from these five holes are summarized in the table below.